GIFP BUSINESS PARK

The Business Park of Giurgiulesti International Free Port provides investors an excellent location on the border with the European Union, in a low cost environment, with tri-modal transport infrastructure and a unique tax and customs framework.

Investors can set up their businesses within the business park by leasing land, offices, warehouses or open storage facilities. In addition, Danube Logistics SRL offers potential investors associated services ranging from logistics to various support and administrative services.

Investor Questionnaire

Inexpensive, Multi-lingual Labor Force

Moldova has a population of 3.6 million (2016). Out of that total, 70% of the population is multi-lingual, and 80% attain secondary education. The average monthly wage is about USD 370/EUR 300.

Proximity to EU, CIS and Turkish Markets

From Moldova exporters can easily reach EU single market with 508 million consumers, the CIS + Ukraine market with 282 million consumers as well as the Turkish market with 80 million consumers.

Fast Growing Emerging Market
In 2017 the Republic of Moldova achieved an economic growth of 4.5%, agricultural production increased by  8.6% and industrial production increased by 4.2% (change 12 months!!!).

Free Trade Regimes

Since 2001 the Republic of Moldova is a full-right member of the WTO. In addition Moldova has signed Free Trade Agreements with 43 countries: EU-28 member states (DCFTA), CIS member-states, Members of Central European Free Trade Agreement and Turkey. Furthermore Moldova benefits from preferential trade agreements with Norway, Canada, Switzerland, Japan and USA.

Investment Opportunities

There are numerous investment opportunities in the agriculture, manufacturing and logistics sectors.

Agriculture and Food Processing
Moldova possesses over 2.5 million hectares of highly fertile agricultural land and sufficient water resources. This, together with the favorable climatic conditions and the predominantly well-educated and inexpensive work force, as well as the free trade regimes, form favorable conditions for investments.

Manufacturing
The combination of well-educated, inexpensive workforce and free trade agreements calls for lucrative investments in labor intensive industries (i.e. automotive suppliers, textile industry etc).

Logistics
Moldova serves as an: ideal location for storage and distribution of goods to Central, Eastern European, CIS and Turkish markets; good connection by road, sea, river, narrow-gauge rail and broad-gauge rail network, as well as air.

 

Tax Incentives & Favorable Customs Regime

The favorable tax and customs regime applicable to GIFP Business Park residents can be summarized as follows:

  • 75% reduction of corporate income tax during the first 10 years of operation (currently 3% instead of 12%) and a 50% reduction for the remaining period until 2030;
  • exemption from excise taxes and import VAT;
  • exemption from import and export duties;
  • exemption of import duties into the rest of Moldova for goods that originate from Giurgiulesti International Free Port;
  • exemption of foreign employees from social insurance contributions;

Unlike in Moldovan free economic zones, where activities are typically limited to certain types of activities, the residents of GIFP Business Park have the right to undertake any activity that is ordinarily allowed in Moldova. Investors may also be 100% foreign owned, freely repatriate their profits and are not subject to revenue based administration fees or minimum investment obligations.

Quality of GIFP Business Park Infrastructure

GIFP Business Park is a green field development with newly constructed utility and road infrastructure. All land plots leased by residents benefit from road electricity, water, gas and fibre-optic telecommunication connections.

Low Operating Expenses

With an official average wage of only 370USD/300 EUR per month, Moldova’s multi-lingual labor force remains the most competitive labor force in Europe. Against this background Moldova has developed as a favorable location for companies active in labor intensive manufacturing, e.g. textile companies, automotive suppliers and call centers.

Apart from favorable payroll expenses, GIFP Business Park residents also benefit from relatively inexpensive utility charges:

Electricity — 1,40 MDL (0.11 $) per kWh for 6-10 kV; 1.38 MDL (0.12 $) per kWh for 0.4 kV
Gas — 4,8950 MDL (0.34 $) per m³ low pressure

Available Human Resources
GIFP Business Park close proximity to Romania (Galati 17km) and Ukraine (Reni 8km) attracts work force not only from Moldova but also from Romania and Ukraine.

Moldova (up to 60 km) – 100,000 population
Galati (Romania – 17 km) – 330,000 population
Reni region, Ukraine (8 km) – 41,000 population

Lease of Land

There is a selection of land available for long-term leases connected to electricity, gas, water, telecommunications, road infrastructure as well as in close proximity to rail and port infrastructure.

Lease of Warehouse, Open Storage and Production Facilities

A selection of types of warehouses, open storage halls or production facilities that are offered for short or long — term lease within GIFP Business Park. All areas are connected to basic necessary infrastructure such as electricity, gas, water, telecommunications, road infrastructure as well as in close proximity to rail and port infrastructure.

Lease of Offices

There are small and large office spaces available for short-to long-term leases within GIFP Business Park. All offices are connected to electricity, gas, water, telecommunications, road infrastructure as well as in close proximity to rail and port infrastructure.

Advisory Services

Upon request the management of GIFP Business Park will provide residents and potential residents with advisory services on issues ranging from the incorporation of a company in Moldova, permitting and other legal matters, project management, construction permitting/management, procurement issues as well as recruitment of human resources.


latest news
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16.11.2020
DANUBE LOGISTICS COOPERATES WITH UTM IN DIONYSUS PROJECT

Danube Logistics is an Associated Strategic Partner within the DIONYSUS project, a project co-funded by European Union funds under the Danube Transnational Programme with the objective of “Integrating Danube Region into Smart & Sustainable Multi-modal & Intermodal Transport Chains”. Danube Logistics is in close collaboration with the Technical University of the Rep. of Moldova (UTM), a European Neighbourhood Instrument Project Partner and as such leading the Moldovan aspects of the DIONYSUS project.

 

On 13 November 2020 a delegation from UTM headed by Associate Professor Dr Victor Ceban, Head of the Department of Transport, visited Giurgiulesti International Free Port. Mathias von Tucher, General Director of Danube Logistics, presented the port facilities and its multi-modal logistic and intermodal connections. Potentials and barriers for future developments were discussed taking into account bottlenecks of hinterland connections. Danube Logistics is looking forward to collaborate with the experts of the UTM on the DIONYSUS project.

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08.10.2020
PRESIDENT IGOR DODON VISITED GIURGIULESTI INTERNATIONAL FREE PORT

Within his campaign for the forthcoming presidential elections the incumbent President Igor Dodon visited Giurgiulesti International Free Port on 6 October 2020. Mathias von Tucher, General Director of Danube Logistics SRL, informed President Dodon about this year’s challenges due to the pandemic and the poor harvest as well as about the successful transshipment of new types of operations such as the import of scrap metal, skimmer pig iron, steel coils and grain.

 

Furthermore, Mathias von Tucher updated the President about the numerous ongoing investment projects within Giurgiulesti International Free Port and in this context the delegation visited the construction site of the port resident Danube Oil Company, which aims to start the operation of the new vegetable oil crushing plant fitted with the latest technology in 2021.

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08.07.2020
FIRST TRANSSHIPMENT OF SCRAP METAL COMPLETED SUCCESSFULLY

On 7 July 2020 the first transshipment of scrap metal from Giurgiulesti International Free Port has been completed successfully.

 

The Moldovan client Sofilarex transported the scrap metal with trucks to the port and accumulated the required quantity for a vessel on a storage area over a period of two weeks. The transshipment from the platform as well as directly from trucks into the vessel took place at the General Cargo Terminal and has been performed with a Fuchs material handler that is specialized in transshipment of scrap metal.

 

The handling of scrap metal is a common cargo for ports and Danube Logistics looks forward to offer its services in this sector.

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09.04.2020
GIURGIULESTI INTERNATIONAL FREE PORT ACQUIRES NEW MACHINE TO EXPAND ITS TRANSSHIPMENT CAPACITIES

Danube Logistics acquired a high capacity Fuchs material handler in order to expand the transshipment capacities of Giurgiulesti International Free Port.

 

The machine is equipped with various grabs and consequently can handle a wide range of different cargo including dry bulk such as gravel, sand, coal, various sorts of grain, general cargo such as big bags, and in addition new cargo categories such as scrap metal and larger stones.

 

With this material handler the transshipment capacity of the existing general cargo terminal will be increased, the product range of port services will be expanded and the operational flexibility will be enhanced. Clients are invited to contact us for more details.

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